the tenant has periodic lease so would only need 30 days notice, so definitely won’t keep them, cause want to live in it. The amazing development is that the owner will not sell me his house and I offered the full askin price. I have an unconditional sale on my current ppor and finance is not an issue. Guy will only sell it to me now if i offer…[Read more]

Yes Perth is Mad

Saturday offered 20 000 more then asking price on a ppor/reno, found out today that I missed out because the owner was more sympathetic to the solo mum with 3 kids who offered 5000 less
(but on other hand was nice to see the lady find a home for her and her kids too) Agent was acting dodgy by telling me how much other person…[Read more]

yeah i sold my ppor for an extra 10 000 then what i was askin for it and sold in first week, pity the old g/f gets half of it. But is great finally get to do a reno

Thanks David

That answered my question on the vehicle finance.

Now due to my partner and I being self employed since the start of this year does that rule us out for getting a traditional construction loan.

Would we have to use a low doc product since we have not been self employed for two years. We are self employed but receive set payment…[Read more]

I have just moved into one I built in Port Kennedy, now have all the fun of painting. Took 8 months from slab going down with WA housing centre. Have to decide next whether to build again or buy an IP to hold and reno. Still a bit of money to be made building again I feel just a matter of locate reasonably priced house and builder

AUSPROP

Do you ever live in any of the houses that you build?

With the land estates around rocky and baldivis do you know how long it is taking to get titles at all?

If my partner could handle renting again (just finished renting for a year) this is what I would personally do in Perth.

I would either sell my house or stay living in house if I could afford to. Then I would buy a block of land that has titles available and also buy a block of land that is at pre release stage. The pre release one you can…[Read more]

Sounds like a good technique. Could always tell them that I am in the process of another couple of developments and will have to look for another builder next time.

Have tryed speaking to management, but they had forgot to tell me that they had restructured and moved there office, so turned up to the meeting and the manager was located at a…[Read more]

Hi Michael

Have you ever read a book real estate riches Dolf de Roos (one of Robert Kiyosaki’s friends)

I am sure that he uses a fairly similar property philosophy.

On my recent house I spoke to the brickies and half of their problem has been retaining a brickies labourer. On a job that the brickie said should take 6 days it ended up taking 3 weeks as they went though to labours just on the one job. He said he had been though 4 labours this year, so I guess this must add to the delays.

I would imagine that…[Read more]

Hi

A battle axe block is often when you have a block that is say 800sqm and the owner subdivides the block and builds a house on the back half of the block with a driveway down the side. Looks like a battle axe

How does one go about fighting beaucrats who commence all statements with “We believe …”. How do you change a belief ?? Beliefs are fundamental and by definition cannot be challenged. You can present as much data and logic as you want, people simply repeat their mantra “We believe …”

I was reading this post about BGC. It draws up a…[Read more]

Hi

I have what seems to be a generic building contract which says that the builder will pay liquidated damages at the rate of 20 dollars per day for each day beyond the due date for practical completion. But it also says the builder shall not be resposible for any delays in commencing the work due to labour and material delays etc. Looks to me…[Read more]

Hi

I was wondering if anyone has ever had any luck with builders paying compensation once they have gone over there contract date.

Thanks

Wayne

Originally posted by Derek:
Hi Seano,

If your builder is licensed then I suggest you give the people at the Master Builders Association a call and see what they advise.

A standard building contract will stipulate the building period but be aware that is stated in working days and doesn’t usually allow for issues such as ‘wet days’, rostered days…[Read more]

I have been talking to someone who is currently doing a few lease options in Perth. I would be paying rent with an option to buy in the future. A component of this rent would be building equity in the property. The figures look pretty decent.

I would undertake most of the work myself eg painting, landscaping, flooring and probably bathrooms. I would be happy to pay for all materials that are used, as I would get the benefits of these if I undertook the option. Or say if the owner chose to sell the house once it was renovated could maybe be reimburse for the materials or something…[Read more]

Thanks for those replies, shall give more details on this idea.

I am currently building my second house which I plan to do up and sell or maybe rent out cashflow +ve.

In the meantime I am having to pay rent while the house reaches completion. I didn’t realise at the time when I sold my previous house that I could afford to live in that house…[Read more]

My partner thinks that I am contributing to Steve McKnight’s and Robert Kiyosaki’s retirement funds by buying all of their books. I think that if we got rid of Foxtel my partner would be more motivated with property.

If I was building a house purely to live in would probably pay more to get it built quickly. This current one is more for investment purposes. Keep costs down, live in for a few months paint and landscape then sell it and double up next time and build two at a time. At least while the house takes ages to build the property price in these…[Read more]